October 2010
| Euromoney October 2010 As the supercharged returns of the boom years evaporate, investors are starting to ask tough questions about how – and if – private equity really works.
Louise Bowman reports. |
Euromoney October 2010
Firms both big and small built up substantial war chests during the boom times for private equity. Now they must use or lose an overhang estimated to be approaching $600 billion. Louise Bowman reports on the pressure to do deals the industry faces.
Euromoney October 2010
Emerging markets have become a driving force of economic growth and the development of international trade, putting pressure on cash management banks to improve their global coverage. Laurence Neville reports.
Euromoney October 2010
Euromoney October 2010
Euromoney asked survey respondents questions about their cash management operations and how their use of ICMs has changed since the financial crisis.
Euromoney October 2010
Local banks’ networks are crucial to global cash managers’ penetration of emerging markets. But the skills some of these local banks are developing put them on track to become regional leaders. Laurence Neville reports.
Euromoney October 2010
Euromoney October 2010
Euromoney October 2010
German politicians have used the sovereign crisis to increase their influence over Europe’s financial markets, the price of support for Greece. But the country’s reluctance to do anything about the weaknesses of its own banking system leaves it open to accusations of double standards. Hamish Risk reports.
Euromoney October 2010
The long-term legacy of the LBO mega-deals has yet to emerge. Judging by their performance so far, things don’t look good. Louise Bowman reports.
Euromoney October 2010
Deals with creditors for the high-profile corporate collapses in the Middle East have a distinctly local flavour. They will set the standard for the future, and if the case of Dubai World is anything to go by, generate renewed interest and activity in the region. Nick Lord reports.
Euromoney October 2010
Banco Sabadell’s chief executive doesn’t take a solemn view of his job. His cheerful optimism is reflected in his bank’s strategy. Spain’s difficulties offer opportunities for the Catalan bank both domestically and overseas in Florida and Latin America. Philip Moore reports.
Euromoney October 2010
For a nation known to take its time to do anything progressive on foreign exchange, China has been in a mighty hurry: liberalization measures have created a new offshore deliverable FX market, prompted a new bond market and transformed trade settlement. Chris Wright reports.
Euromoney October 2010
When the stock exchange goes on sale in November, investors will have a chance to buy into a company that has been a crucial force in the expansion of Poland’s equity market. But will its efforts to kick-start the country’s lacklustre corporate bond market meet with the same success? Lucy Fitzgeorge-Parker reports.
Euromoney October 2010
Investors were surprised when the government diluted their stakes via a capital increase at what they claim are absurdly low valuations. BSE officials say they are looking for a strategic partner. Sceptics warn this heavy-handed approach makes finding an outside investor harder. Mareen Goebel reports.
Euromoney October 2010
Given the different macroeconomic and political backdrops, the region’s banking sectors are characterized by sharply differing business fundamentals and prospects. Guy Norton looks at some winners and losers.
Euromoney October 2010
Analysts cut earnings estimates on early warnings from Jefferies and Deutsche; Revivals in M&A and DCM offer rays of hope
Euromoney October 2010
Chairman calls rules misconceived; Wants help against foreign competition
Euromoney October 2010
Dodd-Frank Act US fiduciary standard hits brokers; Costs likely to increase for issuers and investors
Euromoney October 2010
New agency to launch in November; Investor demand is key
Euromoney October 2010
EU tracks US derivatives regulation with a time lag; Barnier sets regulatory sight on commodities markets
Euromoney October 2010
Rating agency clarification boosts market; Some investors say hybrid debt is flawed
Euromoney October 2010
Low yields drive issuance; Several more to come say syndicates
Euromoney October 2010
Investors more active in hedging market tail risk; Exchange traded products may be skewing volatility curve
Euromoney October 2010
Canada’s PotashCorp up for grabs; China’s Sinochem might intervene
Euromoney October 2010
Exchange offers relaxed requirements; Risk-averse banks creating bottleneck
Euromoney October 2010
Law changes from 2006 savage industry; Defaults act as vital trials for global CDS settlement
Euromoney October 2010
Brazilian government biggest investor in deal
Euromoney October 2010
Biggest province to issue bond; Investors attracted by juicy yields
Euromoney October 2010
Cross-border regional ties growing; Asian investment interest emerging
Euromoney October 2010
Energy and commodities focus persists; Growing frustration on Latin side
Euromoney October 2010
Lending still shrinking as NPLs weigh on sentiment; Regulatory changes may help ease the burden
Euromoney October 2010
Listing to follow merger of Dangote subsidiaries; Dangote Group to own 95.9% of merged entity
Euromoney October 2010
Deal resumes Russian equity issuance; Proceeds earmarked for capex programme
Euromoney October 2010
Omani telco could raise $600 million; UAE mobile phone retailer to follow with IPO
Euromoney October 2010
$1.25 billion government bond sale; More payment delays at other Dubai entities
Euromoney October 2010
Despite transforming UniCredit’s business, Italy’s most controversial banker lost one too many battles with the bank’s shareholders.
Euromoney October 2010
Currency-market intervention cannot boost Japan’s exports in the short term. Nor does it tackle the country’s deeper economic malaise.
Euromoney October 2010
Gulf investment banking has hopes of staging a delayed recovery.
Euromoney October 2010
The shocking disparity in distressed corporate valuations might serve to embolden junior claims on these companies.
Euromoney October 2010
The reputations of many analysts soared as other bankers lost credibility. But are their opinions as sound as many think?
Euromoney October 2010
Moves to curb supposed speculation on futures exchanges are pointless populism, as commodity price spikes reflect physical market supply/demand factors.
Euromoney October 2010
Banks have shown themselves incapable of safeguarding the system in which they operate. Intrusive, interventionist, expert, powerful, independent regulatory authorities are the answer.
Euromoney October 2010
HSBC's succession saga; Deutsche's Q3 results; Wuffli's ethics and globalization; M&A Mee
Euromoney October 2010
Dismal trading volumes in the third quarter were punctuated by some chunky investment-grade bond issues and stock offerings that were a disappointment to investment banks in terms of fee generation.
Euromoney October 2010
Euromoney October 2010
Renewed quantitative easing is not a sound answer to the threat of double-dip recession or deflation. A credit bubble cannot be cured by pumping in more credit.
Euromoney October 2010
The Saga of Iceland’s involvement in the financial crisis has elements of tragedy and farce. But it would be unwise to underestimate this nation of warriors, poets and volcanoes.
Euromoney October 2010
EU tracks US derivatives regulation with a time lag; Barnier sets regulatory sight on commodities markets
Euromoney October 2010
Euromoney October 2010
Euromoney October 2010
To commemorate its London centenary, RBC sent umbrellas to clients. Euromoney wondered whether any banks had plans to celebrate anniversaries for their businesses in Canada, and if so what would they send round.
Euromoney October 2010
Euromoney October 2010
Euromoney October 2010
